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Diversion of income

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(Querist)
04 November 2012 A person wants to divert his income to his son. Income is from agriculture. Can he do so? What procedures / documentation is required to make such effective.
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CA Harsh Jain

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CA Harsh Jain (Expert)
06 November 2012 The agriculture income in not taxable in income tax ,then Father has to Gift it to son,which is not taxable
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Jaydip H. Trivedi

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Jaydip H. Trivedi (Querist)
06 November 2012 Thanks CA Harsh.




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